Posted By:
David Atkatz"but people trying to keep up with the Jones when they should have mingled with the Smiths only have themselves to blame."
And who might those people be, Joe?
Do you mean the hard-working, low-income families who had always dreamed of owning their own homes, and who were convinced by the banks that this was their chance? The ones who were strenuously and continuously lied to by financial professionals, and convinced by them that their ARMs would only go down, or were told that an "interest-only" mortgage was their safe path to the American dream?
Those people?